The Malonic Acid Market is Predict to reach $130.6 Million by 2030, at a CAGR of 2.8%

11-Mar-2024 | Report Format: Electronic (PDF)

Malonic Acid Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Malonic Acid Market size is expected to reach $130.6 million by 2030, rising at a market growth of 2.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 16,983.9 tonnes, experiencing a growth of 1.9% (2019-2022).

The API segment is registering a CAGR of 3.1% during (2023 - 2030). Malonic acid contributes to drug development by providing a stable and reliable chemical framework for synthesizing novel pharmaceutical compounds. It enables the creation of diverse APIs that address various medical conditions. The role of malonic acid in medicinal chemistry involves its incorporation into the molecular structure of APIs to impart specific pharmacological properties. This is crucial for designing drugs with the desired efficacy and safety profiles.

The Food & Beverage segment is leading the Global Malonic Acid Market by End-Use in 2022; thereby, achieving a market value of $37.8 million by 2030. Malonic acid is used in baked goods and desserts to enhance flavors, particularly fillings, icings, and fruit-based components. It contributes to creating well-balanced and appealing taste profiles. The snack food industry benefits from malonic acid as an additive to enhance the flavor of various snacks, including chips, crackers, and pretzels. It contributes to creating savory and tangy taste experiences. Malonic acid is an additive in frozen desserts and ice cream to improve flavor balance. It creates a more pronounced and enjoyable taste in these frozen treats.

Full Report: https://www.kbvresearch.com/malonic-acid-market/

The Europe region dominated the Global Malonic Acid Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $53.4 million by 2030. The Asia Pacific region is experiencing a CAGR of 3.1% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 2.6% during (2023 - 2030).